Question: suppose for your future graduation present, suppose your uncle had just deposited $765 i. your bank account which gives you 7% interest per year. How

suppose for your future graduation present, suppose your uncle had just deposited $765 i. your bank account which gives you 7% interest per year. How much will be in your account when you graduate in 6 years ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Suppose for your future graduation present, suppose your uncle has just deposited $638 in your bank account which gives 5% interest per year. How much will be in the account when you graduate in 15...

Suppose for your future graduation present, suppose your uncle has just deposited $945 in your bank account which gives 10% interest per year. How much will be in the account when you graduate in 11...

Suppose for your future graduation present, suppose your uncle has just deposited $920 in your bank account which gives 6% interest per year. How much will be in the account when you graduate in 8...

Suppose you receive $150 at the end of each year for the next three years. a. If the interest rate is 7%, what is the present value of these cash flows? b. What is the future value in three years of...

Suppose you receive $170 at the end of each year for the next three years. a. If the interest rate is 7%, what is the present value of these cash flows? b. What is the future value in three years of...

SIUNI W ith -LCM 4. Suppose you receive $110 at the end of each year for the next three years. a. If the interest rate is 7%, what is the present value of these cash flows? b. What is the future...

w ith -LCM 4. Suppose you receive $110 at the end of each year for the next three years. a. If the interest rate is 7%, what is the present value of these cash flows? b. What is the future value in...

please answer all parts of the question for a thumbs up thank you = Homework: Homework Chapter Question 2, P 4-9 (similar to) Part 1 of 6 HW Score: 47,67%, 7.15 of 15 points Points: 1.4 of 2 Save...

Suppose you receive ?$130 at the end of each year for the next three years. a. If the interest rate is 7%?, what is the present value of these cash? flows? b. What is the future value in three years...

1. Display the age and name for the pilot who was the oldest when HIRED. 2. Using a SET OPERATOR, display the pilots and the number of miles flown as "Miles Flown", include pilots who have not yet...

Match each of the following performance measures to one or more of the four perspectives of the balanced scorecard. Note that a performance measure could measure performance for more than...

Exercise 5 - Journalize the following transactions related to petty cash. On 8 1 Your Co . decides to establish a petty cash fund and takes $ 5 0 of cash out of its checking account Exercise 5 -...

AbnerCorporation's bonds mature in22 years and pay11 percent interest annually. If you purchase the bonds for$1,200, what is your yield tomaturity? Your yield to maturity on the Abner bonds...

What are the main challenges that an HRM professional faces in an SME?

To identify HRM functions when it is created.

To understand the role of HRM as a business development partner.